Extra-fast moves are afoot from the government to sell / disinvest PSUs both profitable and loss-making. The justification of the government is that it wants funds to make up the deficit.

The fact is that the government is implementing its neo-liberal policy of privatisation of the government’s assets to facilitate more and more profit for the private companies and corporates. The government conveniently forgets that it is the public sector units including the public banks, which saved the Indian economy from disaster of the  world economic recession of 2007. These are the public sectors which made the infrastructure for the growth of the country.

Strong protest should come not only from the workers who will lose their jobs, but also from the common people, who will be the ultimate losers due to privatisation and disinvestment.

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